Who qualifies for expanded child tax credit aid and how the measure would work if approved. The proposal seeks to benefit low-income families who have more than one child.
The maximum tax credit per child is $2,000 for tax year 2023, but it will increase with inflation in 2024 and 2025. More than 95% of the new benefits for 2023 would go to households with children earning up to $40,500 a year, according to the Urban-Brookings Tax Policy Center.